Mercury is the de-facto bank for tech startups — free checking + savings, treasury yield up to 4%+, corporate cards, and up to $5M in FDIC insurance via partner banks.
PickYourBank Rating
9.5
Overall
9.8
APY
9.6
Fees
9.0
App
9.1
Tools
200K+
Companies
4%+
Treasury yield
$0
Monthly fees
$5M
FDIC coverage
Mercury serves 200,000+ startups and growing businesses with a banking experience designed by people who actually run them — clean UX, real APIs, and zero fees on the core account.
Banking services are provided by Choice Financial Group and Column N.A., Members FDIC, with up to $5M in FDIC coverage via Mercury's sweep network.
Founded
—
HQ
U.S.
Charter
FDIC-insured
Reach
Nationwide
Built for businesses
Sole props, LLCs, S-corps and C-corps welcome
FDIC insured
Funds held at partner banks, insured up to $250K+
Fast onboarding
Open an account online in minutes — no branch visit
Modern dashboard
Invoicing, expenses, virtual cards & integrations
Here's what Mercury offers and who each product is best for.
Free checking + savings for startups.
$0 fees · Up to $5M FDIC · Real APIs
Earn yield on idle cash.
4%+ yield via money-market funds
5–10 minutes online — no minimum deposit required for most plans.
Upload formation docs (LLC, corp, sole prop) and government ID.
Receive routing & account numbers, plus a debit card by mail.
Sync with QuickBooks, Stripe, Shopify and start paying vendors.
Mercury is a financial technology platform that partners with FDIC-insured banks to provide banking services. Your deposits are held at the partner bank and insured up to $250,000.
Mercury's core business checking account has no monthly maintenance fees on the standard plan. Premium tiers with extra features may carry a small monthly fee.
Yes. You'll receive a physical debit card by mail and can also create unlimited virtual cards for online purchases and subscription management.
Yes. Most popular integrations include QuickBooks, Xero, Stripe, Shopify, PayPal and Square.
U.S.-based sole proprietors, LLCs, partnerships, S-corps and C-corps. You'll need an EIN (or SSN for sole props) and a government-issued ID.
Mercury has become the default bank for startups for a reason — clean UX, no fees, real treasury, and FDIC coverage up to $5M.
Advertiser disclosure: PickYourBank.com may receive compensation when you open an account through our links. This never influences our ratings or recommendations.
Up to 4.10% APY · zero fees · FDIC-insured banks ranked monthly.
Compare savingsEveryday bankingBig sign-up bonuses, fee-free ATMs, and cash-back debit cards.
Compare checkingBuilt for ownersFree wires, virtual cards, and high-APY business accounts.
Compare businessLock in your rateUp to 4.50% APY · fixed terms 3 mo – 5 yr · FDIC-insured.
Compare CDsPersonal conciergeTell our bot what you need — get tailored picks in seconds.
Chat with AIEarny chats with you like a friend, learns your goals, and pings you the moment a better account, rate, or bonus shows up.
